Clearcom, Clearing Office

1
Main questions to YOU

• Are you aware of costs and risks in existing
  settlement processes?
• Are you interested in improving processes and
  reducing costs and risks?

2
THE ANSWER

• Clearcom offers you the following solution !

3
The difference

• Without Clearcom each bilateral invoice leads to
  a separate payment at undefined date and
  exchange rate

• With Clearcom all bilateral invoices are being
  consolidated to monthly lists per business
  partner and 1 5 payments for the balance over
  all partners at defined date and exchange rate

4
Clearcom is the solution !

• Simplify international settlements by
  multilateral netting system
• Reduce the number of international payments to
  1-5 payments per month for settlement with all
  members
• Speed up payment process by defined monthly
  deadlines
• Avoid currency risk by given exchange rates
• All kinds of services can be included

5
What is the use of Clearcom ?

• Number of necessary payments is reduced
• Bank charges are minimized
• Cash-flow is optimized
• Only a part of the settled amounts (at the moment
  approx. 30 ) must be transferred through the bank

6
What can be settled in Clearcom ?

• All mutual invoices between members that are
  accepted and for which this solution is agreed
  between the concerned members
• All above mentioned invoices being established in
  SDR, EUR or USD
• Disputes must be solved before notification
  (statutes) or can be solved later (bilateral
  agreement)

7
Rationalization 2007 (example for a major
participant)
Numbers
Invoices 2007 sent SDR received SDR sent EUR received EUR Totals
Individual invoices 1452 1098 1550 1742 5842

Notification 2007 sent SDR received SDR sent EUR received EUR
List of invoices 218 200 197 191 806

Payments 2007 paid SDR received SDR paid EUR received EUR
Actual payments 27 0 39 0 66
8
How does Clearcom work ?

• Notification of amounts to Clearcom
• Statement of account by Clearing Office
• Resulting final payments

9
Notification of amounts

• Each member informs
• Each partner with detailed list of invoices
• By e-mail, fax or letter
• By entering a file in the Intranet
• The Clearing Office with totals per partner
• By entering the figures directly in the Intranet
• By one of the above mentioned means

10
File transfer to and from Clearcom

• Notification by Intranet is possible with file
  (.csv) transfer
• Notification by Intranet produces direct
  information to the correspondent member by e-mail
• Statement of account and information concerning
  the final payments are being dispatched by e-mail

11
What is the use of this tool ?

• Data entry in the Intranet is being simplified
• Detailed data can easily be entered (saves time)
• Separate dispatch of list to the partners is no
  more necessary (saves costs)
• Earlier receipt of notifications from the
  partners
• No letters for statements necessary (saves costs)
• Statement of account and payment details are
  available immediately after closing of the
  Clearing
• Terms for the final payments can be reduced

12
Statement of account

• On the first working day of the new month the
  Clearing Office establishes a statement of
  account for each member listing their credits and
  debts from the aforementioned notifications
• One statement per currency (SDR, EUR, USD)

13
Final payments

• Together with the statement of account the
  Clearing Office informs all members in which
  portions (max. 5) and from/to which members the
  resulting balance has to be received or paid
• Clearing Office also provides information about
  exchange rates to be used and terms of payments
• Debtor members arrange their payments within due
  terms

14
Without Clearcom With Clearcom
15
Who is Clearcom ?

• History
• Legal situation
• Members

16
History

• 1964 - Start of Clearing operations in the
  framework of CEPT (European Conference of Post
  and Telecommunication)
• 1994 - Transformation to an independent
  Association under Swiss Law
• 2003 - Transfer of the administrative
  responsibility (Clearing Office) from Swiss Post
  to Deutsche Post as service provider

17
Legal situation

• Clearcom is a non-profit Association under Swiss
  Law
• Legal seat of the Association is Geneva /
  Switzerland
• Administrative seat (Clearing Office) is
  Karlsruhe / Germany
• Management and Audit Committees elected by the
  members

18
Members

• Post companies of Austria, Belgium, Croatia,
  Cyprus, Denmark, Finland, France, Germany, Great
  Britain, Greece, Ireland, Iceland, Italy,
  Luxemburg, Netherlands, Norway, Portugal, Serbia,
  Spain, Sweden, Switzerland, Turkey, Vatican (23)
• 22 Telecom companies
• 7 Transport companies (Airlines, etc.)

19
Telecom Members

• Albtelecom, Albania
• Servei de Telecom., Andorra
• Telekom Austria
• Mobilkom Austria
• T-Mobile Austria
• Belgacom Int. Carrier Services
• TeliaSonera Finland
• France Télécom
• Deutsche Telekom
• T-Mobile Deutschland
• O.T.E. Greece

• O.T.E. Globe, Greece
• Iceland Telecom
• Telecom Italia
• Telenor, Norway
• Telecom Polska
• PT Communicacoes, Portugal
• Telekom Srbija
• TeliaSonera, Sweden
• Türk Telekomünikasyon

20
For whom is Clearcom interesting ?

• Post and Telecom companies
• Transport companies working with more than one
  Post company
• All companies bringing services to more than one
  of the above mentioned companies

21
How much does membership cost ?

• Entry fee of EUR 2.200 (will be refunded in
  case of resignation)
• Annual contribution according to the use of the
  system (in 2007 between EUR 100 and EUR 5700)

22
Calculation of the annual contribution

• At the end of the year Clearing Office
  establishes Final Balance and Profit-and-Loss for
  the Association
• Net expenses divided by total number of
  notifications (lists) price per notification
• Members contribution price multiplied with
  number of its notifications (lists)

23
Benefits (major member 2007)

• Interest (6 3,6 days duration per
  payment)Without Clearcom 142.000 With
  Clearcom 45.600 benefit 96.400
• Bank charges (outgoing 2 , incoming
  free)Without Clearcom 5.680 With Clearcom
  132 benefit 5.548
• Annual contribution 5.700
• Total benefit 96.248
• Additional benefit by saving working time

24
When can we welcome YOU as a new member of
Clearcom ?
25
Contact details

• Phone [phone]
• Fax [phone]
• Email info_at_clearcom.org
• Internet www.clearcom.org
• Contact persons Mr.Werner Fading(Clearing
  Office)